MACC submits several governance improvement recommendations to Felda, two subsidiaries

The Malaysian Anti-Corruption Commission (MACC) has submitted several governance improvement recommendations to the Federal Land Development Authority (Felda) and two of its subsidiaries, FIC Supplies Sdn Bhd and FIC Integrated Property Management (FIC IPM). These recommendations aim to enhance transparency in the implementation of the Agro Park (Commercial) Project and the Cattle Trading Pilot Project.

Among the suggestions are restructuring FIC IPM's role as an independent advisory panel to ensure more objective, transparent, and conflict-free advice, establishing specific standard operating procedures (SOPs) for procurement, and improving FIC Supplies' transaction procedures to strengthen internal controls and transparency. Both Felda and its subsidiaries have agreed to implement these recommendations in stages, with the agreement finalized through a Governance Improvement Report signed by Felda deputy director-general of Services Muhammad Fitri Othman, FIC Group chief executive officer Syed Fadil Syed Sofi, and MACC Governance Investigation Division Director Datuk Mohazaki Hassan.

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